SEC Form 4 · accession 0001363607-15-000006
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick M Covey
Officer — President & COO, U.S. Ops. · Director
Period of report
Mar 25, 2015
Accepted (ET)
Mar 27, 2015 · 5:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000277638
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 25, 2015 | P | 624 | $19.70 | A | 29,498 | D | |
| Common StockF2 | holding | — | — | — | 5,141 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Subscription Rights (Right to Buy) | $19.70 | Mar 25, 2015 | J | 624 | A | Aug 1, 2012 | Jul 31, 2019 | Common Stock | 624 | 838 | D |
Explanation of responses
- F1The reported shares of the Company's common stock and rights were acquired in the Company's stock subscription offering to employees and non-employee directors in accordance with the provisions of The Davey Tree Expert Company 2004 Omnibus Stock Plan (the "Plan"). All participants in the offering purchasing in excess of $5,000 of common stock were granted a "right" to purchase one additional share of common stock, at a price of $19.70 per share, for every three shares of common stock purchased under the Plan. Each "right" may be exercised at the rate of 1/7 per year beginning on August 1, 2012 and will expire on July 31, 2019.
- F2This total reflects routine accumulation of 5,140.7438 common shares acquired through the Company's 401(K) benefit plan as of March 25, 2015, based on internal records.